Outlook express is intended to be an email client; Outlook is more like a personal assistant. You can use it to manage your email too, but also your contacts, tasks and meetings. Besides, it is compatible with exchange Server functionality, si is better suited for using in a company.

Couple of little things.
Outlook uses a single file to store emails (.PST) where as Outlook Express creates individual files for each folder and Sub folder created within. I nearly prefer Outlook Express format as its easier to manage individual files over a Massive .PST. Only the folders that have changed need syncing (Backup Purposes).
Stupid that Outlook does not Auto Compact.

I suppose the main difference for an "Individual" is the Calendar functionality. The Contacts is awful and well below Par (in my opinion).

Absolutely no problems with Outlook Express for emails. As a matter of fact when it comes to Outlook 2007 or 2010, Format is a royal pain in the butt (Thanks Microsoft for insisting on using Word Format and removing standard HTML). 50% of my recepients now receive my emails as .txt as they don;t use 2007 nor 2010. But that's another story for another topic :-)

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